FSport (FSPORT) Q1 2025 earnings summary

Executive summary

• Q1 2025 focused on strategic development and repositioning in sports betting media, highlighted by the launch of Fans48 and the sale of the 1x2.se domain.

• Tippa.se was launched post-quarter, leveraging the platform and content from 1x2.se.

• Technology was divested to Aftermath Interactive, granting FSport a 24% stake and a SEK 1M loan to Aftermath.

Financial highlights

• Net revenue for Q1 2025 was SEK 346K, down from SEK 826K year-over-year.

• EBITDA was SEK -846K, compared to SEK -697K in Q1 2024.

• Result after financial items was SEK -1,675K, similar to SEK -1,558K last year.

• Cash flow improved to SEK 221K from SEK -1,029K, mainly due to asset sales.

• Cash and cash equivalents at period end were SEK 1,807K, up from SEK 1,628K.

Outlook and guidance

• Management plans to scale the product portfolio, expand Fans48, and invest proceeds from asset sales into new initiatives.

• Focus remains on leveraging technology and automation, with ongoing evaluation of further acquisitions or divestments.